Euro area securities issues statistics: June 2012

The annual growth rate of the outstanding amount of debt securities issued by euro area residents was 3.9% in June 2012, compared with 4.0% in May. For the outstanding amount of quoted shares issued by euro area residents, the annual growth rate decreased from 1.5% in May 2012 to 1.1% in June.

New issuance of debt securities by euro area residents totalled EUR 956 billion in June 2012. Redemptions stood at EUR 949 billion and net issues amounted to EUR 5 billion.[1] The annual growth rate of outstanding debt securities issued by euro area residents was 3.9% in June 2012, compared with 4.0% in May (see Table 1 and Charts 1 and 3).

The annual growth rate of outstanding short-term debt securities decreased from 3.3% in May 2012 to 2.8% in June. For long-term debt securities, the annual growth rate was 4.1% in June 2012, the same as in May. The annual growth rate of outstanding fixed rate long-term debt securities decreased from 5.2% in May 2012 to 4.8% in June. The annual growth rate of outstanding variable rate long-term debt securities increased from 1.0% in May 2012 to 1.3% in June (see Table 1 and Chart 3).

As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by non-financial corporations increased from 9.1% in May 2012 to 10.3% in June. For the monetary financial institutions (MFIs) sector, this growth rate increased from 3.0% in May 2012 to 3.4% in June. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs decreased from 3.4% in May 2012 to 2.5% in June. For the general government, this growth rate decreased from 4.5% in May 2012 to 4.2% in June (see Table 2 and Chart 4).

The annual growth rate of outstanding short-term debt securities issued by MFIs increased from 11.8% in May 2012 to 15.2% in June. The annual growth rate of outstanding long-term debt securities issued by MFIs was 2.0% in June 2012, compared with 1.9% in May (see Table 2).

Concerning the currency breakdown, the annual growth rate of outstanding euro-denominated debt securities was 4.2% in June 2012, the same as in May. For debt securities in other currencies, this growth rate decreased from 3.1% in May 2012 to 1.8% in June (see Table 1).

New issuance of quoted shares by euro area residents totalled EUR 4.8 billion in June 2012. Redemptions came to EUR 1.2 billion and net issues amounted to EUR 3.6 billion. The annual growth rate of the outstanding amount of quoted shares issued by euro area residents (excluding valuation changes) decreased from 1.5% in May 2012 to 1.1% in June. The annual growth rate of quoted shares issued by non-financial corporations was 0.3% in June 2012, compared with 0.4% in May. For MFIs, the corresponding growth rate decreased from 10.0% in May 2012 to 7.7% in June. For financial corporations other than MFIs, this growth rate decreased from 3.4% in May 2012 to 2.8% in June (see Table 4 and Chart 6).

The market value of the outstanding amount of quoted shares issued by euro area residents totalled EUR 3,934 billion at the end of June 2012. Compared with EUR 4,706 billion at the end of June 2011, this represents an annual decrease of -16.4% in the value of the stock of quoted shares in June 2012, up from -20.8% in May. Unless otherwise indicated, data relate to non-seasonally adjusted statistics. In addition to the developments for June 2012, this press release incorporates minor revisions to the data for previous periods. The annual growth rates are based on financial transactions that occur when an institutional unit incurs or redeems liabilities, they are not affected by the impact of any other changes which do not arise from transactions. A complete set of updated securities issues statistics is available on the "Monetary and financial statistics" pages of the Statistics section of the ECB's website http://www.ecb.europa.eu/stats/money/securities/html/index.en.html.

These data, as well as euro area data in accordance with the composition of the euro area at the time of the reference period, can be downloaded using the ECB's Statistical Data Warehouse (SDW). The tables and charts accompanying this press release are also available in the reports section of the SDW (http://sdw.ecb.europa.eu/reports.do?node=1000002753).

Data for the period up to June 2012 will also be published in the September 2012 issues of the ECB's Monthly Bulletin and Statistics Pocket Book. The next press release on euro area securities issues will be published on 12 September 2012.

[1] As a full breakdown of net issues into gross issues and redemptions is not available due to missing data, the difference
between aggregated gross issues and redemptions may deviate from the aggregated net issues.